Please answer all 5 questions below. Thank you.

Ethics MC questions: 1. Which of the following is NOT one of the ethical principles of conduct? CPAs should exercise professional judgment in their activities CPAs should exercise diligence and strive for excellence CPAs should attend all continuing professional education classes related to income taxes CPAs should provide impartial and honest service, free from conflicts of interest a. b. c. d. 2. Which of the following acts are considered discreditable? Retaining client records after a demand is made for them a. b. c. d. Conducting business in an establishment where alcohol is served Failure to file a tax return or pay a tax liability Discrimination of harassment in employment practices 3. Which of the following would violate independence? a. b. c. d. Working with a parent or other family member in an audit firm Investment by an auditor in audit client Joint investor/investee relationship with audit client Membership on board of directors with audit client 4. Which of the following is true about contingent fees? a. b. c. Contingent fees based on the outcome of the audit are prohibited. Contingent fees less than $1,000 are acceptable. Providing subpoenaed information to a court will violate contingent fee agreements. d. It is left up to the client whether or not to accept contingent fee agreements. 5. It is acceptable to disclose confidential client information whern a. b. c. d. I deem the information unimportant I am certain my client will not find out A court is subpoenaing the information My colleagues are also disclosing confidential client information